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14 of 105 unique stocks in common · Jaccard: 13.3%
A weighted portfolio overlap of 16.24% indicates a low overlap (mostly different holdings). This means that out of every ₹100 you invest across these two schemes, approximately ₹16.24 is allocated to the exact same companies at the same relative proportions. The schemes share 14 common holdings.
The largest overlapping asset in their portfolios is ICICI Bank, which commands a weight of 8.72% in ICICI Prudential Large Cap Fund and 3.36% in Nippon India Innovation Fund. Holding both schemes increases your concentration in ICICI Bank rather than expanding your diversification.
If the overlap is above 30%, it is typically because both schemes benchmark to the same index (e.g. Nifty 50 or Nifty LargeMidcap 250) or overlap in their top large-cap picks. To improve your portfolio's diversification, consider allocating one of these tranches to a category with lower structural correlation (such as a mid-cap, small-cap, or international equity fund).
| Stock | in ICICI | in Nippon |
|---|---|---|
| ICICI BankBanks | 8.72% | 3.36% |
| Axis BankBanks | 4.67% | 3.33% |
| HDFC BankBanks | 8.46% | 3.14% |
| Hero MotoCorpAutomobiles | 1.59% | 2.05% |
| Avenue SupermartsRetailing | 0.92% | 1.98% |
| SiemensElectrical Equipment | 0.77% | 2.41% |
| Hindustan UnileverDiversified FMCG | 0.83% | 0.77% |
| EternalRetailing | 0.54% | 3.39% |
| TVS Motor CompanyAutomobiles | 0.49% | 1.61% |
| ICICI Lombard General Insurance CompanyInsurance | 0.40% | 1.89% |
| Tata Motors Passenger VehiclesAutomobiles | 0.36% | 1.73% |
| United BreweriesBeverages | 0.30% | 2.98% |
| Bajaj FinservFinance | 0.20% | 4.05% |
| Apollo Hospitals EnterpriseHealthcare Services | 0.08% | 2.87% |
Weighted overlap = Σ min(weight in fund A, weight in fund B) across shared stocks, from each fund's latest public monthly portfolio (as on May 2026). Equity holdings only, ISIN-verified. Not investment advice.